TD Cowen analyst Gregory Williams maintained a Buy rating on Altice Usa (ATUS – Research Report) yesterday and set a price target of $3.50.
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Gregory Williams has given his Buy rating due to a combination of factors impacting Altice USA’s financial outlook. Despite posting lower-than-expected revenue and EBITDA for the fourth quarter of 2024, the company showed a positive free cash flow, attributed to reduced capital expenditures and an increase in fiber broadband additions. This indicates progress in its strategic initiatives.
Looking ahead, management anticipates EBITDA stabilization in 2025, despite initial setbacks due to one-time operational transformation costs. As Altice transitions from stabilization to growth, its focus areas include enhancing revenue through improved broadband trends and expanding mobile services, achieving operational efficiencies via technology, and maintaining a sustainable capital structure. These strategic priorities, along with controlled capital spending, position Altice for potential free cash flow growth, which supports the Buy rating.
According to TipRanks, Williams is an analyst with an average return of -1.3% and a 49.64% success rate. Williams covers the Communication Services sector, focusing on stocks such as AT&T, Lumen Technologies, and Charter Communications.